Theo, a real-world asset (RWA) tokenization platform, has launched thGOLD, a tokenized gold product.The token not only provides exposure to spot gold prices but also generates yield, according to a pr...

<div><p>Theo, a real-world asset (RWA) tokenization platform, has launched thGOLD, a tokenized gold product.</p><p>The token not only provides exposure to spot gold prices but also generates yield, according to a press release viewed by The Defiant. This differs from most other tokenized gold products, which typically only track spot prices. Theo said thGOLD is expected to be available across decentralized finance (DeFi) venues, including Hyperliquid, Uniswap, Morpho, and Pendle.</p><p>The launch comes as gold prices reached a new all-time high this week, rising above $5,100 per ounce amid strong demand for safe-haven assets. Last week, <a href="https://thedefiant.io/news/defi/tokenized-gold-capitalization-tops-usd4-billion-as-spot-approaches-usd5-000">tokenized gold surpassed $4 billion in market value</a>, The Defiant reported. Tether Gold (XAUT) and Paxos Gold (PAXG) accounted for most of this growth, according to DeFiLlama data.</p><p>It also comes as investors continue to look for ways to make idle assets like gold more productive within the DeFi landscape, especially as interest in tokenized real-world assets (RWAs) continues to grow. </p><p>Currently, the tokenized RWA sector boasts over $23 billion in Distributed Asset Value, up 12% over the past month, per RWAxyz. Meanwhile, the <a href="https://thedefiant.io/news/defi/tokenized-commodities-market-soars-past-usd1-3b-as-investors-flock-to-rwas">tokenized commodities market</a> stands at $5.14 billion, up more than 28% over the past 30 days</p><div><div><article><button/><iframe/></article></div></div><p>thGOLD is built on the MG999 On-Chain Gold Fund, a tokenized private credit fund managed by FundBridge Capital, the release explained. The fund generates yield by lending to gold retailers, starting with Singapore-based Mustafa Gold. Libeara, a tokenization platform incubated by Standard Chartered Ventures, provides the underlying infrastructure.</p><p>Theo said the structure could later be expanded to incorporate additional sources of yield, including bank gold lending rates.</p><p>"Most tokenized gold today is just a wrapper. You're paying fees to hold an asset that does nothing,” said Ari Pingle, co-founder of Theo. “We built thGOLD to actually work in DeFi: it earns yield, it trades on real venues, and you can use it as collateral. That's what tokenization should deliver.”</p><p>The release notes that gold rose 64% in 2025, its strongest annual performance in decades, driven by central bank purchases and increased demand for safe-haven assets amid geopolitical uncertainty. </p><p>The launch follows Theo’s earlier tokenized Treasury product, thBILL, which reached more than $200 million in total value locked (TVL) within four months of launch. thGOLD will initially be available through a capped rollout as the underlying fund scales.</p></div>

Theo Launches Yield-Bearing Tokenized Gold as Price Tops $5,100

現實世界資產（RWA）代幣化平臺Theo推出了thGOLD，這是一種代幣化的黃金代幣。據一份新聞稿稱，該代幣不僅可以提供與現貨黃金價格掛鉤的機會，還能產生收益。

<div><p>現實世界資產（RWA）代幣化平臺 Theo 推出了代幣化黃金產品 thGOLD。</p><p>據The Defiant看到的新聞稿顯示，該代幣不僅能追蹤現貨黃金價格，還能產生收益。這與其他大多數僅追蹤現貨價格的黃金代幣化產品不同。Theo表示，thGOLD預計將在包括Hyperliquid、 Uniswap、Morpho和Pendle在內的多個去中心化金融（DeFi）平臺上線。</p><p>本週，金價創下歷史新高，突破每盎司5100美元，避險資產需求強勁，此次代幣化黃金的推出正值此背景下。據《The Defiant》報道，上週代<a href="https://thedefiant.io/news/defi/tokenized-gold-capitalization-tops-usd4-billion-as-spot-approaches-usd5-000">幣化黃金的市值突破40億美元</a>。DeFiLlama的數據顯示， Tether Gold (XAUT) 和 Paxos Gold (PAXG) 貢獻了其中的大部分增長。</p><p>與此同時，投資者們也在不斷尋找方法，讓黃金等閒置資產在 DeFi 領域發揮更大的作用，尤其是在人們對代幣化現實世界資產 (RWA) 的興趣持續增長的情況下。</p><p>據RWAxyz數據顯示，目前代幣化RWA領域的分佈式資產價值超過230億美元，較上月增長12%。與此同時， <a href="https://thedefiant.io/news/defi/tokenized-commodities-market-soars-past-usd1-3b-as-investors-flock-to-rwas">代幣化商品市場</a>規模達51.4億美元，較過去30天增長超過28%。</p><div><div><article><button/><iframe/></article></div></div><p> thGOLD 平臺基於 MG999 鏈上黃金基金構建，該基金是由 FundBridge Capital 管理的代幣化私募信貸基金。該基金通過向黃金零售商放貸來產生收益，首批貸款對象為總部位於新加坡的 Mustafa Gold。由渣打銀行風險投資公司孵化的代幣化平臺 Libeara 則提供底層基礎設施。</p><p> Theo表示，該結構以後可能會擴展，納入其他收益來源，包括銀行黃金貸款利率。</p><p> Theo聯合創始人Ari Pingle表示：“目前大多數代幣化黃金只是個包裝。你支付費用持有的資產卻沒有任何實際用途。我們打造thGOLD的初衷是讓它真正應用於DeFi：它能產生收益，可以在真實的交易場所進行交易，還可以用作抵押品。這才是代幣化應該帶來的價值。”</p><p>新聞稿指出，受各國央行購金以及地緣政治不確定性導致避險資產需求增加的推動，黃金價格在2025年上漲了64%，創下數十年來最強勁的年度表現。</p><p>此次推出thGOLD是繼Theo此前推出的代幣化國庫產品thBILL之後的又一力作。thBILL在上線四個月內，總鎖定價值（TVL）就突破了2億美元。thGOLD初期將採取限量發售的方式，隨著底層基金規模的擴大而逐步開放。</p></div>

Theo推出收益型代幣化黃金，價格突破5100美元

美國總統唐納德·特朗普近日證實，華盛頓正在向伊朗部署一支規模龐大的海軍艦隊。據特朗普稱，次艦隊的規模甚至超過了美國以往部署的任何艦隊……

特朗普宣佈向伊朗部署“大規模”部隊；德黑蘭否認與美國進行談判的報道。

作者：Alan Chen
一個被忽視的數字
如果你的投資組合裡有美股、黃金、比特幣、或者山寨幣，接下來這個數字可能會改變你對這些資產的看法。
標普500除以黃金價格（SPX:GOLD)，現在這個比率是1.45。
大多數人不關心這個數字。畢竟股市還在創新高，賬戶裡的數字還在漲，比特幣也在高位徘徊，誰會在意用黃金怎麼算？
但Benjamin Cowen關心。他最近連發兩期視頻，專門分析這個比率以及它對...

黃金突破股市：1.45生死線與你資產正在縮水的真相

白銀，這一曾被稱為「窮人的黃金」的貴金屬資產，正在風暴之姿席捲全球市場。原因無他，只因其堪稱恐怖的漲勢。
近日，白銀價格盤中一度突破 117 美元/盎司，創歷史新高。由此，自 2017 年加密週期高點以來，白銀以約 517% 的累計漲幅正式超越比特幣漲幅（約 500%）、黃金漲幅（略低於 300%）。另據 8marketcap 網站數據，白銀價格現報 110 美元左右，市值達 6.18 萬億美元，...